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Cash and cash equivalents | 12 Months Ended
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Dec. 31, 2017
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Cash and cash equivalents |
8. | Cash and cash equivalents
|  | 2017 |  |  | 2016 |
Checking and saving accounts |  | $ | 145,283 |  |  | $ | 173,943 |
Time deposits of no more than ninety days |  |  | 30,000 |  |  |  | 57,500 |
Overnight deposits |  |  | 63,157 |  |  |  | 99,933 |
Cash on hand |  |  | 352 |  |  |  | 311 |
|  | $ | 238,792 |  |  | $ | 331,687 |
As of December 31, 2017 and 2016, the Company’s cash and cash equivalents are free of restriction or charges that could limit its availability. Time deposits earned interest based on rates determined by the banks in which the instruments are held, ranging between 1.49% and 1.58% for U.S. dollars investments until December 2017 (2016: between 0.42% and 1.00%).

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- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
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